Wizz Air Holdings (WIZZ): F26 guidance cut

This situation live

WIZZ Wizz Air Holdings

£1,012m · 952.0p · −11% since the first step

4 Mar 2026 · Profit warning issued 4 March 2026 · −18% until the next step Wizz Air will update the market as appropriate and will announce its F26 results on Thursday, June 11th.

4 Mar 2026 · Profit warning; c.€50m hit quantified · −18% until the next step Wizz Air estimates that the current crisis in the Middle East will result in a negative impact to its FY26 net profits of c.€50m.

5 May 2026 · Fuel hedging reaffirmed; no new guidance · +9% until the next step He noted that the airline maintains strong liquidity and is well hedged, having secured approximately 70% of its summer jet fuel needs at around US$720/MT.

12 May 2026 · FY26 now breakeven to slightly positive · +6% until the next step Wizz Air expects to report a breakeven to slightly positive net profit result for the full year ended 31 March 2026.

2 Jun 2026 · Breakeven guidance; May traffic supportive, no new guidance · −1% until the next step Wizz Air carried 7.13 million passengers in May, an increase of 26% year-on-year, with capacity rising 25.4% to 7.77 million seats.

11 Jun 2026 · F26 delivered at breakeven; no F27 guidance · +8% until the next step Wizz Air reported a net profit of €1.3 million (F25: net profit of €213.9 million)

6 Aug 2026 · Q1 F27 loss; Q2 RASK guided down · −5% until the next step Current trading indicating Q2 RASK down low single digits (supported by stage length reduction), notwithstanding unprecedented capacity growth

2 Oct 2026 · Q2 RASK guided up to flat; no F27 guidance · −10% since No guidance for the full year 2027 was given at the Capital Markets Day, however, Wizz Air updated its guidance on RASK

Upgrade / downgrade cycle

F26 guidance cut

Q2 RASK guided up to flat; no F27 guidance

Every step · 8

4 Mar 2026 Profit warning issued 4 March 2026 – Wizz Air will update the market as appropriate and will announce its F26 results on Thursday, June 11th. ↗
4 Mar 2026 Profit warning; c.€50m hit quantified – Wizz Air estimates that the current crisis in the Middle East will result in a negative impact to its FY26 net profits of c.€50m. ↗
5 May 2026 Fuel hedging reaffirmed; no new guidance – He noted that the airline maintains strong liquidity and is well hedged, having secured approximately 70% of its summer jet fuel needs at around US$720/MT. ↗
12 May 2026 FY26 now breakeven to slightly positive – Wizz Air expects to report a breakeven to slightly positive net profit result for the full year ended 31 March 2026. ↗
2 Jun 2026 Breakeven guidance; May traffic supportive, no new guidance – Wizz Air carried 7.13 million passengers in May, an increase of 26% year-on-year, with capacity rising 25.4% to 7.77 million seats. ↗
11 Jun 2026 F26 delivered at breakeven; no F27 guidance – Wizz Air reported a net profit of €1.3 million (F25: net profit of €213.9 million) ↗
6 Aug 2026 Q1 F27 loss; Q2 RASK guided down – Current trading indicating Q2 RASK down low single digits (supported by stage length reduction), notwithstanding unprecedented capacity growth ↗
2 Oct 2026 Q2 RASK guided up to flat; no F27 guidance – No guidance for the full year 2027 was given at the Capital Markets Day, however, Wizz Air updated its guidance on RASK ↗

What is happening

Wizz Air Holdings: F26 guidance cut – Q2 RASK guided up to flat; no F27 guidance. ['Q2 RASK guided up to flat; no F27 guidance']

In short: Guidance for F26 net income was cut after the 4 March Middle East hit, then raised on 12 May. F26 net profit was €1.3m (11 June). Q1 F27 showed a €183.3m operating loss with RASK down 8.1% (6 August). On 2 October, after the 17 September Capital Markets Day, Q2 RASK guidance moved to flat from down low single digits. No F27 guidance was given, and H2 capacity was cut 5%.
Announced: 4 Mar 2026 · Profit warning issued 4 March 2026
Latest: 2 Oct 2026 · Q2 RASK guided up to flat; no F27 guidance
F26 operating profit: €139.7m vs €167.5m
F27 guidance: None given, citing Iran conflict and Strait of Hormuz closure
H1 F27 costs: Ex-fuel CASK flat to up low single digit
Q2 RASK: Now flat YoY, from down low single digits previously
FY27 guidance: None given at 17 September Capital Markets Day
H2 capacity: Trimmed 5% from original plan on geopolitical and fuel volatility
F30 targets: Revenue €10bn, ex-fuel CASK €3.00 cents, 10% EBIT margin, investment grade balance sheet
F30 fleet: All-neo fleet of 335 aircraft, 127 million passengers

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